Bank Of Nova Scotia (BNS) Down -6.01% From Its 52-Week High, But Growth Potential Is Changing Over Time

Bank Of Nova Scotia (NYSE:BNS) currently has a daily average trading volume of 1.23M but it saw 2164318 shares traded in last market. With a market cap of 65.95B USD, the company’s current market price of $53.64 came falling about -0.15 while comparing to the previous closing price of $53.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $57.07 and as low as $43.67. In the recent trading on the day, stock has struck highest price mark of $53.4499 while lowest mark touched by it was $53.96.

Taking a look at 20-day trading activity of Bank Of Nova Scotia (BNS) gives us an average price of $54.56, while its current price level is -6.01% below from 52-week high level whereas it is 22.82% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $54.31 while that of 200 days or SMA-200 reads an average of $50.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.99% during that period while stretching the period over a month that increases to 1.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.49 which implies that the stock is in neutral territory.

Over the week, BNS’s stock price is moving 0.07% up while it is -5.51% when we observe its performance for the past one month. Year-to-date it is -0.15% down and over the past year, the stock is showing an upside performance of 12.95%.

Currently, Bank Of Nova Scotia’s total number of outstanding shares is 1.24B. Company’s return on investment (ROI) stands at 5.89% and return on equity (ROE) at 9.96%. It has a price to earnings ratio (P/E ratio) of 12.41 while having a 9.52 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 1.26 while price to sale or P/S ratio amounts to 1.20. Its return on asset (ROA) is 0.56% on average.